Goldman Sachs Upgrades AeroVironment (AVAV) to Buy, Sees as M&A Target

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Goldman Sachs upgraded AeroVironment (NASDAQ: AVAV) from Neutral to Buy with a price target of $38.

The firm cited exposure to growth areas like UAVs and Electric Vehicle battery charging, above-average returns on capital and net cash on the balance sheet, and said it has high potential as a M&A candidate.

For an analyst ratings summary and ratings history on AeroVironment click here. For more ratings news on AeroVironment click here.

Shares of AeroVironment closed at $28.76 yesterday, with a 52 week range of $24.01-$36.49.

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